TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

PENALTY CLAUSE [2 records]

Record 1 2015-03-13

English

Subject field(s)
  • Law of Contracts (common law)
  • Law of Obligations (civil law)
  • Foreign Trade
  • Government Contracts
DEF

A clause that stipulates the damages to be paid in the event of non-execution of a [commercial or financial] contract.

OBS

... a penalty is [only] paid after breach.

French

Domaine(s)
  • Droit des contrats (common law)
  • Droit des obligations (droit civil)
  • Commerce extérieur
  • Marchés publics
DEF

Clause qui fixe forfaitairement le montant des dommages-intérêts à payer en cas d'inexécution d'un contrat.

Spanish

Campo(s) temático(s)
  • Derecho de contratos (common law)
  • Derecho de obligaciones (derecho civil)
  • Comercio exterior
  • Contratos gubernamentales
DEF

Cláusula que se establece legalmente en un contrato financiero, un acuerdo de crédito y otros instrumentos de ahorro previniendo una serie de penas o repagos en el caso de que no se cumpla el contrato por alguna de las partes.

Save record 1

Record 2 2002-01-30

English

Subject field(s)
  • Taxation Law

French

Domaine(s)
  • Droit fiscal
OBS

Disposition de la loi de l'impôt sur le revenu au sujet de la ristourne des coopératives.

Spanish

Campo(s) temático(s)
  • Derecho fiscal
Save record 2

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